he said he wanted to go back to the clinton tax rates and i think the area looked at this year, the area where republicans have already indicated a lot of interest, which is in closing loopholes that weren't closed during the fiscal cliff. >> megyn: but they offered that has an alternative to raising the tax rates. >> i understand, i understand. but in the simpson-bowles, proposal, for example, which everybody says was a great idea, it closed a lot of tax loopholes for wealthy people. >> megyn: but president obama rejected that, simon, rejected that. the republicans offered the loophole closures which would have brought in more revenue and he rejected that because he wanted the rate. >> megyn, it wouldn't have brought in more revenue. the reason, remember, he compromised. he didn't get everything he wanted on it. >> megyn: i know that. >> so. >> megyn: what i said was true. >> i know, but it's not-- you don't get more money through closing loopholes. >> megyn: you would have. >> raising rates-- >> he would have gotten more money with the deal the republicans were proposing, he rejected it, he wanted the rates higher. >> megyn, that's not true, week debate that for a long time. go ahead, go ahead, michael. >> megyn, the rates are always going to be higher.